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361 Degrees International Announces Upcoming Board Meeting
361 DEGREES: NOTICE OF BOARD MEETING
【Brokerage Focus】HAITONG SEC maintains a "Outperform" rating on 361 DEGREES (01361) and is Bullish on the improvement of e-commerce profitability.
Jinwu Financial News | HAITONG SEC's research report indicates that in 24Q4, 361 DEGREES (01361) saw a 10% year-on-year increase in offline revenue from its main brand (24Q3: +10%, 23Q4: +20+%). The online revenue for children's clothing increased by 10-15% year-on-year (24Q3: +10%, 23Q4: +40%), and e-commerce revenue increased by 30-35% year-on-year (24Q3: +20+%, 23Q4: +30+%). Despite a high growth base in 23Q4, solid growth was still achieved, with offline and online sales of children's clothing accelerating month-on-month. The firm determines that in October and November, the combination of holidays and the Singles' Day Sales will encourage flows.
[Brokerage Focus] SWHY maintains Buy rating for 361 DEGREES (01361), indicating it has both high cost-performance and strong functional advantages.
Jin Wu Financial News | SWHY released a Research Report indicating that 361 DEGREES (01361) announced its operational data for the fourth quarter of 2024, with terminal sales continuing to show impressive performance. In the fourth quarter of 2024, the company's main brand experienced a 10% growth in offline sales, while children's clothing saw a growth of 10-15%, which accelerated from the 10% increase in the third quarter, meeting expectations. E-commerce grew by 30-35%, maintaining strong performance, and significantly accelerating compared to the 20% growth in the third quarter. Inventory levels have decreased, and discount rates remain stable. Analyzing by channel, online platforms showed remarkable growth, and offline channels are continuously upgrading. 1) The online channel performed impressively. 2) Offline stores.
[Brokerage Focus] Huaxi maintains the "Buy" rating for 361 DEGREES (01361), stating that 361 DEGREES will benefit from the trend of short-term Consumer downgrade.
Jinwu Financial News | Huaxi released Research Reports indicating that 361 DEGREES (01361) main brand retail revenue increased by about 10% year-on-year, 361 DEGREES children's clothing brand retail revenue increased by about 10%-15% year-on-year, and 361 DEGREES e-commerce platform retail revenue increased by about 30%-35%. The report stated that according to the company's announcement, the growth rate of 361 DEGREES offline and online in Q4 2024 has improved compared to Q3 2024. From the product perspective, the company continues to adhere to the principle of empowering professional sports with Technology, expanding product application scenarios in response to the variable and complex weather of winter, and successfully launching multiple new products. Additionally, the company is engaging in a series of innovative activities.
CICC: Maintains 361 DEGREES (01361) "Outperform Industry" rating with a Target Price of 5.2 HKD.
The management stated that the performance of the spring, summer, and autumn order meetings for 2025 is currently good, mainly contributing to an increase in volume, with some small supplementary orders contributing since Q4 2024.
Earnings Update: 361 Degrees International Limited (HKG:1361) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
